About This Home

$3,000 allowance for the carpet. This is a free-standing condo, one of the few in this Allendale community. It is also handicap accessible. The HOA fee covers the water bill. The appliances are 4 years old: the HVAC & water heater are 4 years old. The washer and dryer are inside the unit. It is only 3.5 miles from UT ** Information provided is deemed reliable but is not guaranteed and should be independently verified. Buyer or Buyer's Agent to verify measurements, schools, & tax, etc. The title was opened with TNT Kim McCarthy**

At $316/sqft, this home is 19% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2301 Lawnmont Ave #1, Austin, TX 78756

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Property Details

Price $360,000

Status Active Listing

Beds 2

Full Baths 2

Half Baths ,

Living Area 1,141 sqft

Lot Size 0.03 acres (1,450.55 sqft)

Year Built 1982

Garage 1 spaces

Stories ,

Type Residential · Condominium

Subdivision Heritage Square Condo

County Travis

Zip Code 78756

$/sqft $316/sqft

Days on Market ,

HOA $300/Monthly

Annual Tax Est. $9,004.49

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT221203093

List Date March 5, 2026

Elementary School Highland Park

Middle School Lamar (Austin ISD)

High School McCallum

School District ,

Have Questions About This Property?

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Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed

707 Great Britain Blvd
Buckingham Estates Ph III Sec $360,000 $309 3 bd / 2 ba 1,166 sqft , 2025-10-17

2124 E 6th St #305
Twentyone24 Condo Amd $360,000 $433 1 bd / 1 ba 832 sqft , 2026-04-08

16019 Agua Vis
NA $360,000 $348 3 bd / 2 ba 1,033 sqft , 2026-03-13

6708 Menchaca Rd #14
La Vid Condo Amd $360,000 $257 2 bd / 2 ba 1,400 sqft , 2026-05-07

715 22 1/2 St #101
Georgian Condo $360,000 $450 2 bd / 2 ba 800 sqft , 2026-06-04

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent

$1,728/mo

0.48% rule · conservative Austin est.

Gross Yield

5.76%

Annual rent ÷ purchase price

Cap Rate (est.)

3.46%

NOI after 40% vacancy + expenses

Down Payment

$72,000

20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$1,728

Principal + Interest−$1,965

Property Tax (~2.1% TX avg)−$630

Insurance (~0.5%)−$150

Est. Monthly Cash Flow $-1,017

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E

Apple Campus (Domain) 20-30 min N

Google / Meta / Indeed 10-15 min downtown

Dell Medical School / UT Austin 10-20 min

Samsung Austin Semiconductor 25 min N

2301 Lawnmont Ave #1

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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